08/06/2010

Developing an all-new company identity – or brand image – in a competitive marketplace can be a very daunting task. What really constitutes a good versus a bad logo design or brand image? Well, it really depends on your product or service, how you deliver on your promises, and the relationship you as a business owner develop with your clients or target demographic. Yeah, I know that’s not what you meant. You want to know what’s the best logo design out there, what company can I mention that really hit the nail on the head? Well, I’m sorry to tell you that the answer is just not that simple.

A true brand is developed through several key factors in a client-to-business or business-to-client environment. The success of a brand or logo design will ultimately depend on how you identify your business strategy, your marketplace competition and your goals for your new identity – to name a few. Every business has it’s own persona – it’s own approach to doing business, and this needs to be inherently translated through your branding efforts to help bolster your business philosophy and marketplace approach.

The first area of focus as a brand is being developed should be defining your business persona. Understanding who you and your business are vital to the success of a brand. What three characteristics would you use to describe how you go about doing business? How would you define your business strategy with regards to service, sales and support? How do you think your customer base might define you as a business entity? These must first be defined in detail before a brand can be developed around you. Doing some basic market research and soliciting participation from past customers can help you determine the answers to your questions without a great deal of effort.

The second aspect to define is how you and your business are different from the competition in your marketplace. Have you developed a product or service that is like none-other? Have you identified your business attributes that make your business more appealing to a client base that cross-shops other brands and businesses? If not, I suggest you do so. Again, with minimal effort (and some introspectiveness) these key elements can be determined. If not, then there may be some opportunities to rethink your business approach to gain attention from those you wish to attract by adding features that you now know your competition simply doesn’t offer.

The third key element to developing a strong brand is to know your target demographics. Identifying their spending trends, their ‘hunting’ triggers, how they shop, their age ranges and socio-economic stature can be crucial information to factor into your visual brand. Without knowing who you’re targeting, the visual identity you design/have designed will never appeal to their spending triggers. Define your target, aim, then shoot.

The final aspect to consider while developing a new brand identity is what sort of impact – or impression – do you wish to instill on prospective clients when it comes to the visual identity package you seek to have designed? What emotions, key drivers or instinctual “triggers” to you want your identity to conjure up? Whether we choose to admit it or not, we all experience intrinsic emotional reactions to visual stimuli on a daily basis. Some of it occurs on a cognitive level, but most on a sub-conscious one. So, on a daily basis, we react to brands without even recognizing it. Colors, shapes, imagery and unrelated personal associations can have an immediate impact on how we perceive a brand and whether or not we may eventually do business with said brand. Being aware of all these elemental and influential factors will also be of paramount importance as you design your identity.

Although these are not the only determining factors in developing a strong brand within your marketplace, they are certainly key determinants to the over-all success of brand development – not to mention how your clients will associate your brand with your product or service.